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Capital One (COF:US) Shrinks Canadian Operations, To End Costco & Hudson’s Bay Contracts
October 30, 2020 02:25 PM EDT| By Team Kalkine MediaCapital One’s contract with Costco will end by late next year, while the company is set to end the Hudson’s Bay partnership by mid-2021. Capital One will also be shutting down its call centers based in Montreal and Toronto. In...
Trudeau Mulls Adding New Social Programs Worth Billions To Fiscal Plan
October 30, 2020 02:24 PM EDT| By Team Kalkine MediaThe new social programs may be unveiled in November, as per media reports. The Finance Department is still deliberating and looking for fiscal room to accommodate this annual addition. In July, the government said its budget deficit would...
Canada Infrastructure Bank Appoints Ehren Cory As CEO
October 30, 2020 02:24 PM EDT| By Team Kalkine MediaThe Canada Infrastructure Bank (CIB) confirmed the appointment of Ehren Cory to its board leadership The three-year C$10-billion growth plan, announced by Trudeau on October 1, will be implemented under his direction. Besides the growth p...
10 reasons why Bitcoin might not be the best investment
October 30, 2020 11:02 AM EDT| By Edita IvancevicWhile traditional stock markets are prone to experiencing high volatility due to changing economic or political situations in the world, cryptocurrencies are not affected in the same way. They tend to be influenced by unprecedent, almost overnight .....
A Look At Agriculture Stocks This Halloween: Nutrien & Village Farms International
October 30, 2020 09:33 AM EDT| By Hina ChowdharySummary The pandemic has inflicted many troubles on the agricultural sector in Canada. The Agriculture and Agri-Food Canada (AAFC) has invested an additional C$ 11.6 million to help farmers and other agricultural businesses gear up for COVID-re.....
Resurge In Covid-19 Cases Dents Confidence Of Small Businesses In Canada
October 30, 2020 05:26 AM EDT| By Team Kalkine MediaWith a rapid resurgence in Covid-19 cases, business confidence of small business entrepreneurs in Canada fell by nearly 6 index points, to land at a five-month low of 53.3 on the Canadian Federation of Independent Business (CFIB)’s Business B.....
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Is Tesla (NASDAQ:TSLA) maintaining its lead in the Battery Electric Vehicle race in Europe?
October 29, 2020 11:55 PM EDT| By Team Kalkine MediaAutomotive industry giant Tesla Inc (NASDAQ:TSLA) grabbed world attention after it recently stated that it would export electric vehicles to Europe. Leading electric vehicle company reportedly announced that it has started to export Made-in-China M.....
TSX Composite Edges Higher on Strength of Real Estate & Healthcare Stocks
October 29, 2020 10:10 PM EDT| By Team Kalkine MediaThe broader equity gauge of Canada, S&P/TSX Composite Index, moved higher to close at 49.13 points to 16,279.36 on Thursday. However, the index traded below its long-term support levels of 200-day simple moving average (SMA) and below the crucial...
Halloween Amid Covid: 5 Stay-At-Home TSX Stocks To Explore
October 29, 2020 12:44 PM EDT| By Team Kalkine MediaSummary Shopify’s stock has swelled about 165.3 per cent year-to-date (YTD). Andlauer’s return on equity (RoE) is 40.57 per cent, and its return on assets (RoA) is 13.21 per cent. Metro’s YTD performance of the scrips reporte.....
Gildan Activewear’s (TSX:GIL) sales recover in Q3 2020
October 29, 2020 11:28 AM EDT| By Team Kalkine MediaThe apparel company’s sales revenue recovered to US$602 million in Q3, up from US$230 million quarter-over-quarter, but down by 18.6 per cent year-over-year. Gildan liquidity position at the end of the quarter stood at US$1.3 billion...
Molson Coors Canada (TSX:TPX) reports third quarter 2020 results
October 29, 2020 11:27 AM EDT| By Team Kalkine MediaThe global brewer’s revenue from net sales decreased by 3.1% to S2.75 billion. Gross profit from operations stood at $1.2 billion. Total cash and cash equivalents at the end of the quarter stood at $ 731.3 million. ...
TC Energy (TSX:TRP) Q3 profit up
October 29, 2020 11:25 AM EDT| By Team Kalkine MediaTC Energy Corp’s profit stood at C$904 million, up from C$739 million in the same quarter last. Total revenue is nearly C$3.2 billion, up from C$3.13 billion a year ago. Q3 comparable earnings is C$893 million or 95 cents per share....
Shopify (TSX:SHOP) Q3 revenue up 96% YoY
October 29, 2020 11:24 AM EDT| By Team Kalkine MediaThe e-commerce giant’s Q3 revenue stood at US$767.4 million, up 96 per cent year-over-year. Gross profit grew 87% YoY to US$405.1 million in Q3. The streaming company’s revenue from subscription solutions is US$245.3 million,...
Suncor Energy (TSX:SU) Q3 2020 earnings declared
October 29, 2020 11:23 AM EDT| By Team Kalkine MediaThe company’s operating loss stood at C$302 million as compared to operating earnings of C$1.114 billion same quarter last year. Net loss stood at C$12 million in Q3 2020, as compared to net earnings of C$1.035 billion in the prior y...
Bank of Canada Maintains Policy Rate to Achieve 2% Inflation Target
October 29, 2020 11:16 AM EDT| By Team Kalkine MediaThe Bank of Canada announced that it will keep its overnight rate steady at 0.25 per cent until the inflation target of 2 per cent is achieved, which is unlikely before 2023, it added. The bank rate will be 0.5 per cent and the deposit rate.....
iShares S&P/TSX 60 (TSX:XIU) & BetaPro Natural Gas (TSX: HNU): 2 Trending ETFs on TSX
October 29, 2020 07:17 AM EDT| By Kunal SawhneySummary The ETFs of iShares S&P/TSX 60 Index (TSX: XIU) and BetaPro Natural Gas Leveraged Daily Bull ETF (TSX: HNU) are currently trending on the TSX. There are over 700 ETFs listed on the TSX. As of June 2020, as many as 79 ETFs debuted on.....
S&P/TSX Down 2.71%; Husky & Cenovus Volume Leaders
October 28, 2020 10:19 PM EDT| By Team Kalkine MediaSpike in COVID-19 cases across Canada sent stocks tumbling on the Toronto Stok Exchange, making it the worst day since early July. Benchmark S&P/TSX Composite Index traded below its 200-day simple moving average (SMA) on Wednesday, which act as a...
Maple Leaf Foods Inc. (TSX: MFI) Q3 Sales Growth Up By 6.2% YoY
October 28, 2020 01:45 PM EDT| By Team Kalkine MediaMaple Leaf Foods Inc. (TSX:MFI) announced sales growth of 6.2 per cent in its third quarter earnings FY20 ended on September 30, 2020. The company posted a loss of C$ 39.6 million in its adjusted EBITDA in the Plant Protein Group. The com...
Teck Resources (TSX:TECK) Q3 Revenue Plunges Almost One-Fourth YoY
October 28, 2020 01:44 PM EDT| By Team Kalkine MediaTeck Resources Limited (TSX:TECK) posted EBITDA of C$519 million in its third-quarter 2020 earnings, a 49.9 per cent decline compared to C$ 1036 million in Q3 FY19. Its revenue was C$ 2291 million in Q3 FY 20, a 24.52 per cent decrease com...
Cogeco Communications (TSX:CCA) Revenues Up 3.7% in Q4 2020
October 28, 2020 01:43 PM EDT| By Team Kalkine MediaThe company’s revenue increased 3.7 per cent to touch C$605.2 million in Q4 2020. Adjusted EBITDA increased by 6.9 per cent to C$294.5 million this quarter. This led to an increase in free cash flow...
